SGA U.S. Large Cap Growth Strategy’s Top Performer: Alphabet (GOOG)

Core Insights - SGA's U.S. Large Cap Growth Strategy reported a Q4 2025 portfolio return of 0.3% (Gross) and 0.2% (Net), underperforming the Russell 1000 Growth Index (1.1%) and the S&P 500 Index (2.7%) [1] - The portfolio faced significant challenges in 2025, marking it as the most difficult year since the firm's inception in 2003, but remains optimistic about growth potential and relative valuation [1] - The strategy is positioned to benefit from a shift away from high momentum dynamics in U.S. markets and a broadening of market leadership [1] Company Focus: Alphabet Inc. (NASDAQ:GOOG) - Alphabet Inc. was highlighted as a top contributor to the portfolio's performance in Q4 2025, driven by growth in core businesses and strong execution in AI-enabled products [2][3] - As of February 9, 2026, Alphabet's stock closed at $324.40 with a market capitalization of $3.92 trillion, experiencing a one-month return of -3.58% but a 52-week gain of 73.41% [2] - The company demonstrated accelerating growth in search queries and revenues, overcoming competitive threats from AI chat tools, and showing robust growth in YouTube and Cloud segments [3] - Alphabet's disciplined margin management, diversified revenue streams, and strategic investments in AI and cloud position it for continued double-digit earnings and revenue growth despite regulatory pressures [3]